July 20th, 2017

Generally, under most Solo 401(k) Plan, distributions cannot be made until one of the following occurs: You die, become disabled, or otherwise have a severance from employment. The plan terminates and no successor defined contribution plan is established or maintained by the employer. You reach age 59½ or incur a financial hardship. The distributions can […]

February 25th, 2014

Individual 401(k) Plan solution can be set-up in one day and accept direct rollovers from former employer retirement plans tax-free and penalty-free. IRA Financial Group, the leading provider of self-directed retirement plans, announces the introduction of the one-day set-up solo 401k plan solution” for sole proprietors and small businesses owners. The one-day solo plan set-up […]

February 20th, 2014

Incredibly there are still a number of people that don’t believe that the solo 401(k) plan is an IRS approved plan. Those same people state that the options available under the Solo 401(k) plan are simply too good to be true and they would have heard of this plan if it was approved by the […]

February 12th, 2014

It is not widely known, but the IRS allows a 401(k) plan participant to buy real estate with their 401(k) plan. As long as the solo 401(k) plan documents allow for it, a solo 401(k) plan participant is able to purchase real estate with their retirement funds. The real advantage of using a solo 401(k) […]

February 12th, 2014

One of the most popular reasons for having a solo 401(k) Plan is the ability to make high annual contributions in either pre-tax or after tax (Roth format). Under the 2014 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $17,500. […]

February 10th, 2014

Recently there has been a number of company’s selling and marketing solo 401(k) plan documents that may not have the requisite authority to do so. Accordingly, a number of these companies are selling plan documents without an IRS opinion letter or in some cases with an IRS opinion letter in the name of third-party. The […]

February 10th, 2014

Over the last few years there has been a growing number of company’s selling and marketing solo 401(k) plan documents. Unfortunately, a number of these new companies are selling plan documents without an IRS opinion letter or in some cases with an IRS opinion letter in the name of third-party. The Basic solo 401(k) plan […]

January 31st, 2014

An opinion in the Wall Street Journal on January 31 titled: It’s Time To Let 401(k) Holders Invest Like the Pros, written by Scott Higbee highlights the importance of including alternative assets in ones retirement portfolio. The opinion discusses how more than 50 million Americans rely on 401(k) plans for their retirement that typically are […]